Happy Birthday Dogecoin! If You Invested $100 In Meme Crypto When Elon Musk First Tweeted About It, Here’s How Much You’d Have Today
Started as a joke in 2013, meme cryptocurrency Dogecoin (CRYPTO: DOGE) is now one of the most valuable cryptos and enjoying a strong 2024 thanks to the sector seeing valuations rise after the 2024 presidential election.
As Dogecoin celebrates its 11th anniversary on Dec. 6, here’s a look back at the coin’s creation and how much investors could have made following one of the key events in meme crypto history.
What Happened: Dogecoin was created in 2013 by Jackson Palmer and Billy Markus. The coin was meant to be satirical, mocking Bitcoin (CRYPTO: BTC), but over time, it has gained support from a loyal community.
Palmer bought dogecoin.com and connected with Markus, who had previous experience with altcoins, including making a coin based on the Bells currency in the Animal Crossing video game. The duo created the coin in just a couple hours, with Markus previously saying much of the time on development was spent changing the font of the coin to Comic Sans.
The cryptocurrency was based on the iconic Doge meme that stars Kabosu, a Shiba Inu dog.
A profile for Dogecoin was created on Bitcointalk.org on Dec. 6, 2013. A subreddit for Dogecoin (r/Dogecoin) was created on Dec. 8, 2013. The coin opened for trading on Dec. 15, 2013.
“Today is dogecoin’s 11th birthday. It is extremely surreal that some silly thing I made in a few hours has had the impact on the world that it has. It’s a nice reminder that everyone has the potential to make a huge impact with their …
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